Downstream Market Analyst

Aramco; Toronto; On-site; CAD 90,000 - 120,000; Full time

Job summary

Aramco seeks a Downstream Market Analyst to join the Global Optimizer Development Department. This position involves providing technical advice on pricing of refined products and assessing the impact of global market movements on business strategies. Ideal candidates will have a strong background in the oil and gas industry with extensive analytical experience.

Qualifications

• Preferred post-graduate education in MBA/Economics (desirable).
• 7+ years relevant professional experience in oil & gas downstream business.
• Experience as a marketing analyst including analysis across refined product markets.

Responsibilities

• Study global events affecting the energy and oil & gas industry.
• Gather information and develop forecasts based on market understandings.
• Interface with product specialists and assess market premiums and discounts.

Skills

Communication

Interpersonal Skills

Market Research

Data Analysis

Education

Bachelor Degree in Commerce, Marketing, Engineering, Economics, or Business Administration

Tools

Data Warehousing

Job description

Aramco energizes the world economy.

Aramco occupies a special position in the global energy industry. We are one of the world’s largest producers of hydrocarbon energy and chemicals, with among the lowest Upstream carbon intensities of any major producer.

With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.

Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.

We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.

Overview

We are seeking a Downstream Market Analyst to join our Global Optimizer Development Department (GOD).

The (GOD) charter is to optimize crude allocation and the operations of global manufacturing facilities in order to maximize revenue, increase profitability, and capture international market opportunities.
Your primary role will be to provide highest level technical, professional advice and guidance regarding the outlook & pricing of refined, chemical products, crude and logistics, interpreting market movement and the implications on the business.

Key Responsibilities

The successful candidate you will be required to perform the following:

• Study global events and updates affecting the energy and oil & gas industry.
• Gather information and develop own forecasts based on market understandings for prices covering a rolling 3-4 months outlook horizon.
• Interface closely with product specialists and Aramco Trading Company ATC traders for input.
• Assess market premium and discounts in various enclaves.
• Perform quality control to ensure market relevance of transfer prices, trigger review of contracts (if needed) and inform JV offtake positions during negotiations.
• Continuously improve market relations and forward curves methodology.
• Review and provide necessary feedback to Fuels Business Management and Law department in relation to newly proposed Transfer Price contracts & agreements and/or amendments to existing agreements. Ensure fair pricing practices across all refineries for products and crude.
• Will look for ways to introduce best practices to enhance company profitability and improve performance based on extensive prior work experience in the downstream oil & gas industry specifically Trading & Sales unit, Corporate Planning, Market Research Department, Business Development .
• Promotes innovative solutions to solve complicated problems or identify issues.
• Applies industry leading knowledge to improve performance.

Minimum Requirements

The successful candidate must hold a Bachelor Degree in Commerce, Marketing, Engineering, Economics, Business Administration, or a closely related subject.

• Post-graduate education or equivalent experience in MBA/Economics is desirable.
• Deep knowledge of data warehousing and mining.
• Between 7+ years relevant professional experience (preferable in oil & gas downstream business), including 3 in field as a marketing analyst including analysis across refined product markets at global, regional and country levels. Assess the impacts of product flows, refinery economics and pricing on refined and chemical product markets.
• Must have excellent communication and interpersonal skills and be willing to transfer implicit knowledge to the team and work effectively in cross functional teams.

Working environment

Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.

At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.

We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.